Financial Times criticizes Law and Justice's policy

The UK daily The Financial Times has commented on foreign investor's concerns due to the Polish government - Law and Justice's (PiS) policies. Although foreign investors are not directly interested in politics, they pay careful attention to how it affects the economy and investment attractiveness of Poland.

"Since coming into power in October, Poland’s new ruling party has startled investors and shocked political analysts who had become used to stability in the EU’s sixth-largest economy. Ultra-conservative, populist, broadly Eurosceptic and nationalist, the Law and Justice party has wasted little time in using the first parliamentary majority in Polish democratic history to push through a range of political, economic and social reforms. Overseas investors have been left to worry and work out what this means for them," the newspaper argues.

According to the paper, the one-notch downgrade by Standard & Poor's in January to BBB+, and moves by the government to raise taxes on the banking and retail industries have had the most significant influence on foreign investors.